$hui has absolutely no business closing below 258 on a weekly basis based on the weekly Ichimoku cloud.  My best guess based on the weekly chart would be that it is going to hold that level an a closing basis.   Notice the rising 100 WMA, which is absolutely a target now.  The $gold weekly chart is in very similar position.

Taking cycles into account, I think the best case scenario is that the $HUI and gold bounce soon and end up only making a marginal new low compared to today’s price 2-3 months from now, perhaps culminating in a test of the 100 WMA.